Fresnillo Full-Year Net Profit Drops - Fresnillo (OTC:FNLPF)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Fresnillo PLC

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

(OTC: FNLPF) reported a 55% drop in its net profit last year. Fresnillo's net profit for the year slipped to $108.4 million from $240.4 million, while pretax profit declined 40% to $251.1 million from $418.7 million.Its revenue dropped 12% to $1.41 billion, while earnings before interest, taxes, depreciation and amortization declined 22% to $567 million.Gold production slipped 2.4% y/y to 596,000 ounces.For 2018, Fresnillo projects to produce 750,000 troy ounces of gold. The company also expects to produce 65 million ounces of silver.Fresnillo's board declared a final dividend of $0.03 per share.